Cordoba Advisory Partners Doubles Down on Amazon Stock Amid Earnings Beat

Cordoba Advisory Partners LLC has significantly increased its stake in Amazon.com, Inc. (NASDAQ:AMZN), buying an additional 2,444 shares during the 2nd quarter.

The fund now owns 3,625 shares of Amazon's stock, valued at $864,000 at the end of the most recent quarter.

This move is part of a broader trend, with other institutional investors also buying and selling shares of Amazon.com. For instance, MilWealth Group LLC grew its stake in Amazon by 79% in the 4th quarter, while Elkhorn Partners Limited Partnership boosted its holdings by 900% during the same period.

The e-commerce giant reported quarterly earnings results on Thursday, July 30th, with $5.75 earnings per share beating the consensus estimate of $1.82. Amazon's revenue for the quarter came in at $200.61 billion, a 19.6% increase compared to the same period last year.